Mobikwik IPO Allotment Status: Price, Launch Date, and Key Details
MobiKwik IPO Allotment Status: How to Check Details Online via Registrar, NSE & BSE
The MobiKwik IPO allotment status is expected to be declared tonight, with the shares scheduled to list on the BSE and NSE on December 18. The public issue of One MobiKwik Systems Ltd witnessed an overwhelming response on the final day of bidding, driven by strong participation from retail and non-institutional investors. The IPO was oversubscribed 119.38 times as investors bid for over 141 crore shares against the 1.18 crore shares on offer, at a price range of ₹265-₹279 per share, generating a total demand of ₹39,542 crore. Investors who subscribed to the ₹572 crore issue can check their allotment status online through the registrar’s website, Link Intime India Pvt Ltd. Additionally, the allotment details can be verified on the official websites of NSE and BSE. Stay updated with the latest Grey Market Premium (GMP) for MobiKwik shares as the market anticipates its listing.
Introduction: What is the Mobikwik IPO?
The Mobikwik IPO is one of India’s most anticipated public offerings, with the company aiming to raise around ₹700 crores. As a leading digital payments company, Mobikwik plans to leverage this IPO to expand its market reach and bolster its financial services offerings.
Mobikwik, a leading Indian digital payments platform, has captured the nation’s attention with this upcoming IPO. Tap Invest is interested in deciphering this potential opportunity as a trusted platform for fixed-income investments like bonds. This comprehensive guide delves into everything you need to know about the Mobikwik IPO, empowering you to make informed investment decisions.
Mobikwik IPO Subscription and Listing Timeline:
The subscription for Mobikwik IPO will open on Wednesday, December 11, 2024, and close on Friday, December 13, 2024. Investors can expect the following tentative schedule:
| Event | Date |
|---|---|
| IPO Open Date | December 11, 2024 |
| IPO Close Date | December 13, 2024 |
| Basis of Allotment | December 16, 2024 |
| Initiation of Refunds | December 17, 2024 |
| Credit of Shares to Demat | December 17, 2024 |
| Listing Date | December 18, 2024 |
Mobikwik IPO Dates:
Below is a quick overview of the Mobikwik IPO:
| IPO Dates | December 11, 2024 – December 13, 2024 |
|---|---|
| Listing Date | December 18, 2024 |
| Issue Size | ₹572.00 Crores (2.05 crore shares) |
| Price Band | ₹265 to ₹279 per share |
| Lot Size | 53 shares |
| Face Value | ₹2 per share |
| Listing At | BSE, NSE |
| Issue Type | Book Built Issue IPO |
Mobikwik IPO Lot Size and Investment Details:
Investors can bid in lots of 53 shares. Here are the minimum and maximum investment limits for retail investors and High Net-worth Individuals (HNIs):
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 53 | ₹14,787 |
| Retail (Max) | 13 | 689 | ₹192,231 |
| S-HNI (Min) | 14 | 742 | ₹207,018 |
| B-HNI (Min) | 68 | 3,604 | ₹1,005,516 |
Mobikwik IPO Grey Market Premium (GMP):
The Mobikwik IPO GMP refers to the premium at which the shares are traded in the unofficial market before listing. As of recent reports, the GMP stands at approximately ₹40 per share, indicating strong investor interest.
Note: GMP values fluctuate daily based on market sentiment and demand for the IPO.
Mobikwik IPO Reservation:
The issue is divided into three major investor categories:
| Investor Category | Shares Offered |
|---|---|
| QIB | Not less than 75% of the Net Issue |
| Retail | Not more than 10% of the Net Issue |
| NII (HNI) | Not more than 15% of the Net Issue |
Mobikwik Financial Performance:
Mobikwik has demonstrated strong growth in its revenue and profitability. The table below highlights its financial performance for recent years:
| Period | Revenue (₹ Cr) | PAT (₹ Cr) | Net Worth (₹ Cr) |
|---|---|---|---|
| FY 2024 | 890.32 | 14.08 | 142.69 |
| FY 2023 | 561.12 | -83.81 | 162.59 |
| FY 2022 | 543.22 | -128.16 | 158.65 |
Mobikwik’s revenue grew by 59% between FY23 and FY24, with its profit after tax (PAT) improving by 117%. This highlights a strong recovery and growth trajectory.
Why Should You Invest in Mobikwik IPO?
- Growth Potential: Mobikwik has witnessed substantial revenue growth in recent years.
- Digital Payments Boom: India’s fintech industry is expanding, offering immense growth opportunities for Mobikwik.
- Improved Profitability: Positive profit figures in FY24 signal financial improvement.
Mobikwik IPO Promoters:
The promoters of Mobikwik include:
- Bipin Preet Singh
- Upasana Rupkrishan Taku
- Koshur Family Trust
- Narinder Singh Family Trust
Pre-Issue Holding: 32.96%
Post-Issue Holding: 25.18%
How to Apply for Mobikwik IPO:
Investors can apply for the Mobikwik IPO via their Demat accounts using UPI mandates through platforms like Zerodha, Groww, or any stock brokerage app. Ensure your UPI mandate confirmation is completed before 5 PM on December 13, 2024.
Key Details About Mobikwik IPO:
Here’s a quick snapshot of what you need to know:
- IPO Size: The initial public offering is expected to raise ₹700 crores, including fresh issuance and an Offer for Sale (OFS) by existing shareholders.
- SEBI Approval: Mobikwik received approval from the Securities and Exchange Board of India (SEBI) to proceed with its IPO.
- Company Valuation: Industry analysts estimate Mobikwik’s valuation to be between ₹5,000 to ₹6,000 crores post-IPO.
- IPO Dates: The exact dates for the IPO have yet to be announced, but it is expected to launch in 2024.
Read this article also to know more about IPO Flipping
About Mobikwik: Business Overview
Founded in 2009, Mobikwik has evolved from a digital wallet service to a diversified financial technology company offering payment gateways, Buy Now Pay Later (BNPL) services, and personal loans. The platform has over 120 million users and 3 million merchant partners across India.
Why is Mobikwik Going Public?
Mobikwik plans to use the proceeds from the IPO to fund the following:
- Business Expansion: Grow its BNPL segment and increase its customer base.
- Debt Repayment: Clear existing debts to improve financial stability.
- Technology and Infrastructure Investment: Enhance its technological capabilities to offer more secure and reliable services.
Learn about bond ipo in this article: https://tapinvest.in/blog/bond-ipo/
Understanding Mobikwik: A Fintech Powerhouse
Mobikwik, established in 2009, has revolutionised the Indian payment landscape. It offers a comprehensive suite of financial services, including:
- Mobile Wallet: Mobikwik’s user-friendly mobile wallet facilitates seamless bill payments, recharges, and money transfers.
- Payments Gateway: Businesses can integrate Mobikwik’s payment gateway to accept online payments efficiently.
- Financial Services: Mobikwik offers micro-loans, insurance products, and mutual fund investments, catering to diverse financial needs.
Growth Prospects of Mobikwik IPO:
With India’s digital payment market booming, Mobikwik is in a prime position to capitalise on this growth. The company’s recent pivot into Buy Now Pay Later (BNPL) services positions it well for future expansion, especially among younger, tech-savvy consumers.
Risks Associated with the Mobikwik IPO:
While the growth potential is significant, there are also risks to consider:
- Intense Competition: The digital payment space is crowded, with competitors like Paytm, PhonePe, and Google Pay already holding dominant positions.
- Regulatory Risks: RBI and SEBI are increasingly scrutinizing digital payment platforms, so Mobikwik could face stricter regulations in the future.
- Profitability Issues: Like many tech startups, Mobikwik has yet to become profitable. Investors should carefully assess its financial health before investing.
Financial Performance and Growth Potential Of Mobikwik:
Mobikwik’s financial performance plays a crucial role in gauging its IPO viability. Here’s a glimpse into its financial health:
- Revenue Growth: Mobikwik has witnessed impressive revenue growth in recent years, reflecting the increasing adoption of its digital payment solutions.
- Profitability: While achieving profitability remains a work in progress for many fintech companies, Mobikwik’s path to profitability will be a key factor for investors.
Market Analysis: Is Mobikwik a Viable Investment?
The Indian digital payments market is witnessing exponential growth, driven by factors like:
- Increasing Smartphone Penetration: Widespread smartphone adoption fuels the growth of mobile wallets and digital payments.
- Government Initiatives: Government initiatives promoting digital transactions further propel the market forward.
- Cashless Economy Drive: India’s growing preference for cashless transactions bodes well for digital payment platforms.
Considering these factors, Mobikwik’s position in this booming market presents a potentially lucrative opportunity for investors. However, a thorough analysis of the company’s financials, competitive landscape, and associated risks is essential before making an investment decision.
Factors to Consider Before Investing in the Mobikwik IPO
- Financial health: Analyze Mobikwik’s financial statements, including revenue growth, profitability margins, and debt levels.
- Market competition: Evaluate the competitive landscape of the digital payments market and Mobikwik’s position within it.
- IPO valuation: Assess whether the IPO price reflects Mobikwik’s true value based on its financials and future growth prospects.
- Regulatory environment: Stay updated on any potential regulatory changes that could impact the digital payments industry.
How to Apply for Mobikwik IPO:
Investors can apply for the Mobikwik IPO through the following steps:
- Log in to Your Trading Account: Ensure your trading account is linked to a Demat account.
- Check Eligibility: Most platforms require a minimum investment amount.
- Select the IPO: Choose the Mobikwik IPO option under the IPO section.
- Place Your Bid: Enter the desired quantity of shares and the price you’d like to bid.
- Confirm Payment: Use the ASBA (Application Supported by Blocked Amount) process for payments.
Comparison with Other Fintech IPOs
- Mobikwik vs. Paytm IPO: Mobikwik is smaller than Paytm, but both target the same market. While Paytm has a more diversified portfolio, Mobikwik focuses heavily on digital payments and BNPL services.
- Mobikwik vs. Zomato IPO: Unlike Zomato, which operates in the food-tech space, Mobikwik is a pure fintech player. Both cater to the growing digital consumer base but operate in different verticals.
Before investing in an IPO you must know about the differences between OFS and IPO:
Conclusion: Should You Invest in Mobikwik IPO?
The Mobikwik IPO presents an exciting opportunity for investors looking to tap into India’s rapidly growing fintech sector. However, potential investors should carefully weigh the risks, particularly around competition and profitability, before making an investment decision.
FAQs on Mobikwik IPO:
- What is the size of Mobikwik’s IPO?
Mobikwik aims to raise ₹700 crores through its IPO. - What are the dates for the Mobikwik IPO?
The official dates have not yet been announced but are expected in 2024. - How can I invest in Mobikwik IPO?
Investors can apply through their trading and Demat accounts using the ASBA payment process. - Is Mobikwik profitable?
Mobikwik is currently not profitable but aims to achieve profitability through its expansion plans post-IPO.
